The Monterey

Location: Las Vegas, NV
Type: Retail
Price: $ 8,800,000

SMC has provided an $8,800,000 first mortgage Loan to refinance The Monterey Shopping Center. The Property is a 41,771 SF retail property located at 6830-6870 S. Rainbow Boulevard in Las Vegas, NV. The Property is 87% leased to 19 tenants, including such national retailers as Einstein Bagels, Budget, State Farm and Massage Envy. The Property is located across the street from, and is shadow anchored by Arroyo Market Square, which contains such major tenants as Walmart, Babies R’ Us, Sam’s Club, PetSmart, Home Depot and Best Buy. The Property was built in 2008. Proceeds of the Loan were used to facilitate the discounted pay-off of the Subject’s construction loan.